Good evening folks!
Don't be frustrated at the current market situation. We are facing the worst-ever bearish market in BTC .
Just brief news update on South Korean regulation on crypto.
Congressmen had regular Q&A session w/ the head of the National Tax Service, the tax authority of South Korea. The head said he's considering so-called transfer tax on profit from trading crypto. He also added that the NTS would more focus on impose taxes on exchanges in South Korea.
The regulatory move looks similar to that of Japan - which means crypto trading is not illegal in South Korea anymore
Will get back if there is another news to update!
Don't be frustrated at the current market situation. We are facing the worst-ever bearish market in BTC .
Just brief news update on South Korean regulation on crypto.
Congressmen had regular Q&A session w/ the head of the National Tax Service, the tax authority of South Korea. The head said he's considering so-called transfer tax on profit from trading crypto. He also added that the NTS would more focus on impose taxes on exchanges in South Korea.
The regulatory move looks similar to that of Japan - which means crypto trading is not illegal in South Korea anymore
Will get back if there is another news to update!